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FP-BBDAEAcad. year: 2020/2021
Business development represents ideas, initiatives and activities leading to further direction and improvement of the current performance and efficiency of the company. This includes decisions to increase revenue, grow in terms of business expansion, increase profitability by building strategic partnerships, and make strategic business decisions, such as selling a business or, conversely, selling franchise rights. Assessing the state of business can help identify business growth and development opportunities or, conversely, lead to the finding that some parts of existing business activities do not work or there is a lack of alignment between the internal and external environment of the company.One of the biggest challenges in running a small business is the time to objectively assess how the business is actually run. The assessment of business activity provides a fair and impartial view, which is necessary when making strategic decisions about the direction of further business.Business development activities cover a variety of areas including strategy, business models, sales, marketing, project management, product management and stakeholder relationship management. Networks, negotiations, partnerships and cost-saving efforts are also involved. All these different areas and activities should be driven by business development goals and be consistent.
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branch BAK-ESBD , 3 year of study, summer semester, compulsory
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